| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | PESTECH INTERNATIONAL BERHAD (“PESTECH” OR “COMPANY”) DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF PESTECH WITH THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INTO NEW ORDINARY SHARES OF RM0.25 EACH IN PESTECH (“7th DRP”) |
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 28 November 2016, 1 December 2016, 5 December 2016, 15 December 2016 and 4 January 2017 in relation to the 7th DRP (“Announcements”))
We refer to the Announcements in relation to the 7th DRP.
On behalf of the Board of Directors of PESTECH, Alliance Investment Bank Berhad wishes to announce that PESTECH will be issuing 14,379,400 new ordinary shares of RM0.25 each in PESTECH (“New Shares“), pursuant to the DRP applied to the Final Dividend of PESTECH in respect of the financial year ended 30 June 2016, based on the valid Dividend Reinvestment Forms received by Securities Services (Holdings) Sdn. Bhd., the Share Registrar for the 7th DRP, as at the expiry date on 18 January 2017.
The New Shares to be issued represent approximately 91.41% of the total number of 15,731,000 New Shares that would have been issued pursuant to the 7th DRP, had all the eligible Entitled Shareholders elected to reinvest their respective Electable Portions into new PESTECH Shares.
The said New Shares are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 31 January 2017.
This announcement is dated 25 January 2017.